The Dickinson press. (Dickinson, Stark County, D.T. [i.e. N.D.]) 1883-1927, 1887-06-04
HEBREWS IN TRADE.
THEIR IMMENSE COMMERCIAL IN
FLuENcE RECOGNIZED.
Striking Evidences of Hebrew Progress.
Growth OF tho Clothing Tradc-A Pro-
htablc CndertakinS-Impurt Of
Diamonis-Cignrs and Tobacco,


Dia,non,ls.-Cignrs and Tobacco.
vi all New York commercial exchanges tho
Hebrews arc now recognized as ;,llon, the
most influential members. The vicc-cllair-
man of the stock exchange, the treasurer Of
the produce exchange and tho treasurer Of
the metal exchange arc all Hebrews. In
these institutions, as we'll aS the cotton and
petroleum exchanges, they arc prominent as
directors, and they nrc also identified with
many ui l." great railway, steamship and in
slrancr companies In banking alone the
New York hebrews represent n capital of
$40 ',wS1tl. Th" prominent part taken by
them in the Negotiation of the most impor-
tant government loans and railway opera
tions is tn" well known to call for special
comment ii."ir immense influence in this and
oth'r i"t'!ing cities being generally recog-
nixr
lIi" ::'-'-i striking evidence of Hebrew
prw,'1, si'N Ii" witnessed on Broadway,
Viii i, -" IN the past fifteen years, has
undo :; complete Transformation by the
tlaa, Of t.!r retail trade To the uptown
taor",: hi,rs and tine invasion by Hebrew
firms ''f The 400 buildings on Broadway
from tamf.i street tn Union square the occu-
lhnii;, If ;il:n", ;tll are Hebrews, over ,OOO
Wholesale firm, out of II totnlof 200 lcingof
that persuasion. On the day of atonement,
when nearly all uf these establishments are
closed, TIL" street for the length of nearly two
miles presents holiday appearance. The
Signs of Hebrew firms also pretlomilate in the
streets contiguous to broadway within tile
territory named, which is almost wholly do
voted to the manufacture of clothing, cloaks,
hats and caps, lnccs, mbroideries, millinery
goods, furs, untlergarments, flowers md
feathers, shirts, dry goods and fancy goods
and kindred branches of trade.
Most remarkable has been tho growth of
tho clothing trade, of which the Hebrews
control scvrn-cighths of the total, several
hundred firms lming now engaged i'll the man
ufar,urc of such goods, and some houses en-.
ployng us high rs =, ,oD0 hands Fifteen years
ago the number engaged il, this business was
Insignificant compared with the prescnt.lay,
when as many firms arc found on u single
block MS then existed i'll the entire city. An
important feature in tho clothing trndo to.
day is the manufacture of goods fully equal
to the best custom made, which some years
ago was considered impractirnblo to attempt.
Less than ten years back the manufacture
of cloaks i'll this country was upon a very
small scale, tho entire business in this city
being confined to less than one dozen firms
nll told. The Hebrews wcro not slow to rec.
ogniZc tho importance of this industry They
Were among the first to perceive that it was
destined to expand to an extent far beyond
its proportions at that time. They reasoned
that tho growth of tho country would
create continued demand for their goods,
and many plunged into tho business tho re-
suit heins that there are now in this city
r.
almost all of whom nrc Hebrews Few pco.
Pile have for IL moment considered tho extent
of the manufacture of WOODEN shirts, and yet
tho annual transactions aggregate many
millions. In this branch thc Hebrews have
secured n monopoly, it being estimated that
25,OOO men nnd women are directly and in.
directly employed by Hebrew firms alone.
The wcuthicst concerns in tho trade, which
include several millionaircs, were in moderate
circumstances when they embarked in the
| business.
When the wholesale manufacture of under
garments was first suggested som" years since
| the proposition was secuted. 1t was asserted
that goods turned out 10y machinery would
neither wear we'll nor bc made to fit we'll
| The men who conceived the idea were laughed
at Hebrews were among the first to enter
the business. They Were convinced the under
taking would prove profitable, and were de
tcrmncd to succeed. They did succeed
They are now securely intrcnchcd in the
business. Ready made umdcrgarmcnts are t.
he found ON sale in almost every city aud
hamlet, and the Hebrews of New York cll.
gagged in their manufacture carry the names
of 10000 employees on their pay rolls.
Ii is estimated that the Hebrew capital ell
gagged in tli" importation, manufacture and
jobbng Of diamonds, watches aud jcwelry in
this country will not fall short Of s2b ODD,O0O
Year after year they have been absorbing the
trade 1t is predicted that before long the
ABSORPTION process will he exhausted for want
of material on which to feed OF late year.
nn increased tendency to manufacture has
been noted or the 400 jp!bcrs in this city
the Hebrews constitute the I,llll and such
Roadway have they been making that many
older firms have been swept out Of existence,
Including several who were II recognized
power in the trade. Over :on0Oo cases Of
leaf tobacco are dealt in in this country every
twelvcmoIlth Two-thirols of this amount is
controlled by the Hebrew merchants on Pearl
and Water streets.
Equally surprising has been the growth Of
the cigar trale i'll which the Hebrews have
risen higher and higher until almost the en-.
tire business has passed under their control
Some idea of their operation, may be formed
when it is stated that their production reaches
the enormous figure Of GDp,N0.~o cigars per
annum The manufacture Of this immense
stock involves the employment Of 5000 hands
The manufacture Of hats and caps, the i'm
portation and manufacture of hides and
leather, furs, larcsa e!niroc!cries, artificial
flowers and feathers, is largely controlled by
tho Hebrews, whilc tho wine and liquor trade
is one of the most extensive in which they are
engaged. 1t is estimated that the Hebrew
capital represented on the New York stock
exchange is not far from :f,ooD,oOo. Tho
holdings Of real estate by tic Hebrews Of this
city is estimated at 100000, ,JGo.-Now Yorl;
Mail and Express.